Lululemon Athletica Inc LULU:NASDAQ

Last Price$287.48Cboe Previous Close - Real-Time Last Sale as of 6:14PM ET 6/27/22
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lululemon athletica on Track to Expand Market Presence, Product Categories on Stronger Brand Awareness, B. Riley Says

3:50PM ET 4/21/2022 MT Newswires
lululemon athletica (LULU) is on track to expand its market presence and product categories as it attracts new customers and builds more brand awareness, B. Riley Securities said in an emailed note Thursday.

The investment firm reiterated the athletic apparel company's buy rating and $487 price target.

lululemon's 25% brand awareness in the US versus competitors at 85% to 90% is an opportunity for the company "to continue to expand their door footprint and improve their existing store productivity as they build more awareness and attract new customers," said B. Riley Analysts Susan Anderson and Alec Legg.

The retailer is expected to increase revenue by 15%, on a compound annual growth basis, to $12.5 billion between the fiscal years 2021 and 2026, according to the note.

Price: 375.50, Change: -9.90, Percent Change: -2.57